Lynch: “Semis are great until they aren’t”

May 21, 2024

Nvidia reported earnings after the bell yesterday and they exceeded expectations. “We’re expecting to see another strong quarter as the trend has been stratospheric, but guidance for next quarter will really tell the story,” said Eric Lynch, managing director at Scharf Investments during a recent appearance on Reuters TV. Q2 guidance came in stronger than consensus forecast, but Nvidia is at a tipping point as it moves from development and production to real-life use cases. “Semis are great until they aren’t,” said Lynch as Nvidia will probably follow a similar boom/bust cycle that tech names have historically experienced.

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